Crypto Exchange CoinEx to Stop Serving U.S. Customers

Crypto exchange CoinEx will stop serving users in the United States. It has asked U.S. users to withdraw their assets within 60 business days (before April 24) and said that it will “gradually ban the relevant accounts” after that time. The company identified U.S. users by their IP addresses.

It is reported that due to regulatory requirements, CoinEx can no longer provide services to US citizens or residents.

On Feb. 22nd, CoinEx was charged by the New York Attorney General’s office. Those charges aimed to have the company cease operations only in New York.